cheap....if you take a 500k loan. if you want to fully settle within the lockin period.....you paid up to 499k and leave 1k outstanding....then, you tell then you want to fully settle the outstanding...2% of 1k = 20 nia..... if this works

Uob put t&c to me, early seytlement within lock in period will penalty 2% of outstanding loan, after lock in period, also kena 2% admin fees

I dun think any different

  what a good idea for sharing....BUT...
the penalty for early settlement stated in agreement = 2% of total loan amount 
ask you die or not 

First of all..its their competitor, so u can expect what they said . 2nd of all, if u plan to take mortgage just to default it, better dont take it at all. . I have 3 home loan from 3 different banks (1 conventional, 2 islamic). My conventional, if I miss 60 days arrears (2 MIA), the rate will be revise to BLR+2.1..

Plus, I tried to be as much as 'syariah compliant' as I can (although there is still imperfection in the system we have to admit). If real Islamic.."you only pay what you borrowed"...

Yes, good point to go for islamic. humm yup competitor. But bear in mind that the best way to find out on the minus point of someone is through their foe, yes?

I am completely okay for anything i need to pay, but please make it clear when we are signing the LOU. Hidden things like this would definitely make you feel being lied when you are asked to pay more out of your awareness.  Especially when you dont know what things to ask upon signing, as it is your first property.

sometimes, people are lazy to read through all the details and want to depend on others to tell which nobody will likely to tell you...

also, some dont care as they need the loan and accept apa apa saja as long as can get the loan

also, some think they can nego or twist later where it is almost impossible....

also, some think all loans are same......

lazy. can't agree more 

aiyah...i also know...but he says 2% from outstanding mah....so, i troll him lor....

actually 2% is not much lar....lets say 500k loan....2% = 10k nia.....

if you buy a property worth 550k and sell it when it goes up to 800k.....you take out 55k and borrow 495k....and your 55k can earn you 250k and after deduct legal fees, stamp duty plus penalty, you still earn 200k++....why bother the penalty???? IS it orang bila mahu kaya become more calculative???? 

imagine as if ask you to read through the telephone yellow pages thick alike SPA and Loan Agreement.....you may need to spend one whole day and night to read and comprehend the whole thing....end up....the legal assistant just point you...sign here...sign here...sign here....and sign here.....

no wonder tigerr kor so rich...
multi-millionaire sure wont be so calculative...
buy me a pint of beer when we meet up...ok 

---

Added on June 26, 2012, 3:31 pm

i also lazy go thru all the doc lo 

i am only a kuli kia....earning just enough to eat....but buy you a beer is no problem geh....  

thanks in advance 1st tigerr kor 
but kuli kia also can become multi-millionaire...its a legend 

Ok taikor, I scan t&c tommorrow let all tailor view

I got CIMB Bank  BLR-2.4 no lockin

I was offered BLR -2.4 with no lock in (loan 550k) with cimbang too 

For below 500K, it's rate is lagging behind others

also, please check with RHB islamic also, they can offer up to -2.5, but with 2 yrs lock in if i am not mistaken. I missed the opportunity the other day, bcoz the agent call me late, the day i signed the Letter Offer with other bank haha

remember to blur the letter head ...

---

Added on

I checked this few weeks ago, they were providing no lock-in with loan amount >500K ...
forgot to check if just above say 501K, what is the rate .

How much roughly is your loan amount, if you don't mind to share?